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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

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Dec 2 4:00 PM EST

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To: bobby beara who wrote (21622)	7/30/1999 11:54:00 PM
From: pater tenebrarum	Read Replies (2) of 99985

Bobby, i second your view on gold. apparently some 8,000 tons of the stuff are sold short, and the sentiment readings have been at extreme low points for months now. just as many longs got trapped in the nutz,so will many shorts eventually get trapped in gold. the gold stocks are a classic hedge against stock market declines, regardless of whether the economic environment is inflationary or deflationary. the 'death of gold' has been proclaimed for all to hear by several analysts on CNBC Europe, who lauded the Bank of England's decision to sell at a 20-year low. the contrary indicators on gold are falling over each other. i wonder when we will read the first inanities of the GO HM, GO! variety. regards, hb

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